Australian Education Trust

Folkestone-run
Australian Education Trust
lifted its full-year distribution guidance from 10.3¢ a unit to 10.6¢ a unit as its profit rose on higher lease income, lower debt costs and positive property revaluations. Management said refinancing and hedge restructuring meant its cost of debt dropped from 9.2 per cent in the first half of the financial year to its current 6.2 per cent.Ainslie Chandler